Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par value and (b) 17,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Year 1 total cash dividends $ 800 Year 2 total cash dividends $ 1,700 Cumlative Preferred Common Year 1 $800.00 0 Year 2
Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par value and (b) 17,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Year 1 total cash dividends $ 800 Year 2 total cash dividends $ 1,700 Cumlative Preferred Common Year 1 $800.00 0 Year 2
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 4R: The following selected transactions and events occurred during 2013: a. Issued 200 shares of...
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Green Planet Corp. has (a) 5,000 shares of cumulative 10%
Year 1 total cash dividends | $ | 800 | |
Year 2 total cash dividends | $ | 1,700 | |
Cumlative Preferred | Common | |
Year 1 | $800.00 | 0 |
Year 2 |
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